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INVENTORIES

6 Months Ended

Jun. 30, 2025

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The components of inventories, net are as follows (in thousands):

			June 30,						December 31,
			2025						2024
Raw materials			$	40,932					$	50,800
Work-in-process			11,080						27,384
Finished goods			96,151						47,098
Total			$	148,163					$	125,282

In July 2025, the Company announced it decommissioned its 45-liter EXPAREL batch manufacturing suite located at its Science Center Campus in San Diego, California, and reduced its workforce accordingly. As a result, the Company reserved $1.0 million of raw materials during the six months ended June 30, 2025. For more information, see Note 18, Subsequent Events.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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